Interest Charges. Any amount, including the below-described collection costs and expenses, that is not paid when due will bear interest until fully paid at the rate of the lesser of (i) 1.5% per month compounded monthly, or (ii) the highest rate permitted by applicable law. Licensor shall also be entitled to recover its costs and expenses, if any, incurred in collecting such amount. Licensor’s entitlement to interest shall in no way affect Licensee’s obligations to make payment in accordance with this Agreement, and Licensor’s acceptance of such interest shall not be deemed to be a waiver of any of Licensees obligations respecting payments.
Appears in 13 contracts
Samples: Software License Agreement, Software License Agreement, Software License Agreement
